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Vovan348 Day Trading TF with NFT setup
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Vovan348 Day Trading TF with NFT setup

  #451 (permalink)
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vovan348 View Post
I thought that I woke up last week. Haha....

I have to go back to those replays. They help me a lot. After a couple times it became so easy to see what's going on on the market and I could predict next move about 80% of a time.

I still think and try different strategies. I have to stop that completely. I know that everything I need is on my screen and it works very well. It's not like I'm trying other stuff because my setup doesn't work. I guess I'm just wondering what else is out there or maybe something simpler that I do. But no matter what I try or think I still open my charts every morning and trade with the same setup because I feel that it works the best for me. I just need to control my emotions.

"Just control emotions" sounds so easy. Haha...

I figure that anger leads to depression and that's when I start clicking. So my splash of emotions leads to brain blockage. If I can keep my emotions lower I can avoid clicking. The question is how I can control my anger? I tried music before but that's not it. Music sets your mood. Music effects trading as much as anything else around you. It can make me more aggressive or too relaxed.

I guess I just need to overcome it and take my trading as it is and try to make one step a time.

I keep hearing system is the problem. EVER SINCE I STARTED MY JOURNAL.

However, I have yet to see a single system be 100% consistent for any trader. I hear that you SHOULD be profitable within so long, you SHOULD be this, or that...

Well, I have yet to meet a trader who makes 1M or more a year and is consistent and can PROVE IT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

(That means broker statements, bank accounts... Oh, well, I couldn't do that, because... because.. oh yes, ex-wife, IRS, because I don't need to... etc.. etc..)



Nothing wrong with a system. I have built dozens if not 200 of them. They all start to fail because they are too rigid OR they require a good amount of discretionary abilities. Those abilities take time to Master your emotions.

I have yet to meet a Master trader who has less than 5 years trading. Not saying it can't be done.

I realize people try to help by chiming in on the journals. Hey, "Your system sucks, but everything else is OK!"... huh??

Ok, show me. Show me your brokerage statement. Show me your system. You show me you make 20K per day PLUS, then I will gladly switch over to your system. And that you did it in a short amount of time. I WANT TO SEE A LIVE DOM!!! WITH LIVE REAL STATEMENTS... Not, oh, I would have taken that one, or oops, I thought I told you I entered there.. haha...

Vovan's issue along with my own is our emotions in my opinion. Yes, the system has its issues and I personally can't stand the thought of Henry the person who merged it from Nexgen.

Any system can work.

Please don't take this as my mind is made up, because it isn't, but I have been on too many forums to see the same story over and over and over again. Poster #1 says, "Hey, I don't like your system, you should be making money". OP thinks "Man, I need to change my system again..." over and over and over again..... You will never please the masses.

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  #452 (permalink)
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All I can say is how do you think people were trading before computers existed.

I am not saying markets have not evolved but basically same unwritten rules are applied only difference is that markets are moving more and faster intraday because of PC's.

That is all I have to say as I am not here to sell you a system (specially mine) as it took me years of hard work and research to develop it.

If you are convinced what you use is the right system for you then I wish you good luck on your quest of daytrading I hope you will succeed.

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  #453 (permalink)
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Larry View Post
.. years of hard work and research ...

you speak the magic words.

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  #454 (permalink)
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Thanks, Larry


Larry View Post
All I can say is how do you think people were trading before computers existed.

I am not saying markets have not evolved but basically same unwritten rules are applied only difference is that markets are moving more and faster intraday because of PC's.

That is all I have to say as I am not here to sell you a system (specially mine) as it took me years of hard work and research to develop it.

If you are convinced what you use is the right system for you then I wish you good luck on your quest of daytrading I hope you will succeed.

Bluemele and Vovan, I'm an NTF fan and use the method...as best I can. We should consider Larry's comments thoughtfully, I think. I have met with a 10 lot trader, ES only...here in Houston. He uses only Fibs and $TICK. It's tempting to try and jump over to that method. He uses the Fib overlay with 38, 50, 68, 138, and 168 only. He measures prices action every which-a-way. He has a boku of little rules, however. Don't trade between this time and that time. Go ahead and trade on Fridays...and on and on. I met another successful trader here, 6e and ES only. He trades, low and behold, using Fibs and $TICK only. His method is very conservative and sometimes doesn't setup the entire day.

BTW, doesn't the NFT method advocate trading at the edge? If we are waiting for confirmation, have we left the method?

Some food for thought, gentlemen.

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  #455 (permalink)
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+3.3 points

I got 3.3 points today, but in reality it would be 1.6 points.
My PC turned off because of the windows update and it took me out when I restarted my NT 1.7 points below my target. I wish it would do that all the time and take me out in the best spot. Haha...

Today I was trying to use PA as good as I can.

Here are my trades and summary:
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  #456 (permalink)
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cory View Post
you speak the magic words.

Damn. I thought this was about getting rich in the first year?

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  #457 (permalink)
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bluemele View Post
Damn. I thought this was about getting rich in the first year?

LOL!!!

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  #458 (permalink)
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HighRise1202 View Post
Bluemele and Vovan, I'm an NTF fan and use the method...as best I can. We should consider Larry's comments thoughtfully, I think. I have met with a 10 lot trader, ES only...here in Houston. He uses only Fibs and $TICK. It's tempting to try and jump over to that method. He uses the Fib overlay with 38, 50, 68, 138, and 168 only. He measures prices action every which-a-way. He has a boku of little rules, however. Don't trade between this time and that time. Go ahead and trade on Fridays...and on and on. I met another successful trader here, 6e and ES only. He trades, low and behold, using Fibs and $TICK only. His method is very conservative and sometimes doesn't setup the entire day.

BTW, doesn't the NFT method advocate trading at the edge? If we are waiting for confirmation, have we left the method?

Some food for thought, gentlemen.

Henry's trading on the edge was a marketing scheme in my opinion.

Any system will work. To me, successful trading is probably 10% system and 90% YOU.

Whether you are trading pullbacks for continuations, S&R, Fibs w/ $TICK or whatever. It is your ability to understand what is happening with the 'patterns' or price.

It takes YEARS to get comfortable with those patterns, YOU and your money management.

I believe there are successful traders from about any method on the planet. Larry is probably just seeing pain and being a nice guy he is wanting to alleviate some pain. Unfortunately, in my opinion those types of pain only confuse and challenge the emotional fortitude of a trader. It really needs to be up to the trader to decide if that system is good enough.

The people you know where you are at have been doing what they do and have created the rules that they have over YEARS of watching the charts and evaluating those patterns from THEIR eyes. Their eyes interpret information completely different than others. Our brains all fire differently, they all interpret data differently. You like green charts, and that makes it hard to focus on the chart...

No GURU will successfully teach others to trade their exact system and that person will not keep that system if left on their own. Darwin I think wrote a few things about mutations...

What I interpret as trading on the edge (again, marketing) another would call counter-trend trading or 'catching a falling knife' which to some would be suicide.

I have evaluated hundreds of systems. I have created dozens............ I always come back to this method using price action (Good job Vovan) because I believe the indicators tell me when price gets out of motion.

No matter what method you use.... It will cost you time, energy and much frustration. There are no shortcuts.

But, you as the trader must find the system that sings to you.

Don't marry a system because she's hot! Marry her because she will make you rich....

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  #459 (permalink)
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Here is my video:

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  #460 (permalink)
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bluemele View Post

Larry is probably just seeing pain and being a nice guy he is wanting to alleviate some pain. Unfortunately, in my opinion those types of pain only confuse and challenge the emotional fortitude of a trader. It really needs to be up to the trader to decide if that system is good enough.

You are absolutely right it was painful for me to see you having so much a hard time making money with TF while it was so obvious to me but again I have years of experience behind me and using a different system.

Anyway it is up to you to make your own judgement and decide what suits you best.

I will stop here as these are your trading journals and I think it should stay that way.

I wish you all the best in your daytrading research.

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